Daily News: March 12, 2013

Crossroads, Amerisource Provide Financing to Apparel Company


Crossroads Financial announced it provided a $500,000 purchase order financing facility for a manufacturer and distributor of high-end women’s apparel.

The company, having an abundance of orders and a lack of credit extensions from its Chinese manufacturer, needed a purchase order financing facility to help it procure product to fill these orders.

Crossroads Financial is partnering with Amerisource Funding, which is providing an accounts receivable factoring facility.

Crossroads Financial is a stand-alone inventory lender offering revolving lines of credit against existing inventory, as well as purchase order financing.